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Code · Wisconsin · Chapter 629 — Public adjusters

629.08 Escrow of funds.

56 words·~1 min read·/wi/chapter-629/629-08

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629.08 Escrow of funds. A public adjuster who, on behalf of an insured, receives, accepts, or holds any funds for the settlement of a first-party claim shall deposit the funds in a noninterest-bearing escrow account in a federally insured financial institution that is located in the state in which the insured resides or the loss occurred.
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